Latin America

Latin America
Sunday, February 8th 2009 - 20:00 UTC

“Pisco Sour Day” celebration in Peru challenges Chile

Peru begun on Saturday the celebration of “Pisco Sour Day”, a cocktail considered national cultural heritage and whose origin denomination is under dispute with neighbouring Chile. The celebration includes huge open parties, free tasting, dancing, gastronomy related to the emblematic drink also called the “flag liquor” of Peru.

Sunday, February 8th 2009 - 20:00 UTC

Venezuela appeals to reserves to sustain public spending

Venezuela will spend 1.65 billion US dollars from its National Development Fund in the first quarter to sustain public spending after a drop in international crude prices and the global slowdown have affected the country, said President Hugo Chavez.

Sunday, February 8th 2009 - 01:59 UTC

Bolivia's Morales: New constitution takes effect

Evo Morales, Bolivia's president, has enacted a new constitution which hands greater powers to the country's indigenous majority and allows him to seek a second five-year term.

Friday, February 6th 2009 - 20:00 UTC

Colombia's FARC releases last civilian hostage

Sigifredo Lopez met his mother after seven years

Colombia's Revolutionary Armed Forces, FARC, released Thursday the last civilian among a group of 22 so-called political captives held by the rebels. Two Red Cross helicopters were involved in the release of the former lawmaker Sigifredo Lopez, 45, held captive by the drug-funded group for almost seven years.

Friday, February 6th 2009 - 20:00 UTC

FARC committed war crimes and act on paranoiac cowardice

Former hostage Sigifredo Lopez, gestures during a press conference in Cali (AP)

The last civilian hostage to be released by the Colombian rebel group FARC revealed that eleven of his kidnapped peers were killed shot in the back, by the guerrillas in an act of what he described as “paranoiac cowardice”.

Friday, February 6th 2009 - 20:00 UTC

Chile's growth slows significantly in last 2008 quarter

Pte. of Chile M. Bachelet

Chile's economy grew 0.5% in December, the worst performance for that month in a decade, according to the latest figures released on Thursday by the country's Central Bank.

Friday, February 6th 2009 - 20:00 UTC

Lowest January inflation in Chile since 1943: minus 0.8%

Consumer inflation in Chile during January dropped 0.8%, the lowest since the same month in 1943, accumulating 6.3% in the last twelve months, according to the latest report from the country's Statistics Institute, INE.

Friday, February 6th 2009 - 20:00 UTC

Repsol in significant oil discovery in Gulf of Mexico

Repsol has made a significant new oil find in the deepwater area of the Gulf of Mexico, in US waters. The discovery was made in the Buckskin well in Keathley Canyon, 300 kilometres offshore Houston.

Thursday, February 5th 2009 - 20:00 UTC

Mexico floods market with dollars to stop run on the Peso

Mexico's central bank and finance ministry confirmed that the bank had intervened on Wednesday to prop up the ailing peso currency by selling dollars directly to market players.

Thursday, February 5th 2009 - 20:00 UTC

Fossil remains of snake “as long as a bus” in Colombia

The discovery of fossilised remains belonging to the world's largest snake has been reported in Nature journal. Titanoboa was 13 meters long - about the length of a bus - and lived in the rainforest of north-east Colombia 58-60 million years ago.

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